CALAVO GROWERS INC (CVGW) intrinsic value & 10-year financials

CALAVO GROWERS INC (CVGW) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 4.0% a year to $648.4M, with an average return on invested capital of 9.3%.

Graham intrinsic value
—
Revenue (FY2025)
$648.4M
Revenue growth (10-yr CAGR)
-4.0%
ROIC (10-yr avg)
9.3%
Free cash flow (FY2025)
$19.4M

CVGW 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $648.4M $19.8M $1.11 $19.4M 3.0% 9.6%
FY2024 $661.5M -$1.1M -$0.06 $21.5M 2.5% 3.9%
FY2023 $971.9M -$8.3M -$0.47 -$25.2M 0.0% 0.2%
FY2022 $1.2B -$6.2M -$0.35 $40.5M 0.5% 2.6%
FY2021 $1.1B -$11.8M -$0.67 $2.1M -0.9% -4.1%
FY2020 $1.1B -$13.6M -$0.78 $17.5M 3.0% 9.0%
FY2019 $1.2B $36.6M $2.08 $55.4M 5.9% 19.2%
FY2018 $1.1B $32.3M $1.84 $33.4M 5.2% 16.2%
FY2017 $1.1B $37.3M $2.13 $17.6M 5.4% 17.0%
FY2016 $935.7M $38.0M $2.18 $40.1M 6.5% 19.2%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

CALAVO GROWERS INC is facing top-line stagnation, with revenue contracting over the decade.

CALAVO GROWERS INC returns on capital have been average, hovering around 9.3% ROIC over the decade.

CALAVO GROWERS INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, CALAVO GROWERS INC is modeled at -7.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-5.71 per share.

CVGW stock: frequently asked questions

What is the intrinsic value of CALAVO GROWERS INC (CVGW) stock?

Graham's formula only works with positive earnings. CALAVO GROWERS INC reported diluted EPS of $1.11 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has CALAVO GROWERS INC grown?

Revenue went from $935.7M in fiscal 2016 to $648.4M in fiscal 2025, a compound annual growth rate of -4.0%. Net income was $19.8M in fiscal 2025.

Does CALAVO GROWERS INC generate free cash flow?

CALAVO GROWERS INC generated $19.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 9 of the last 10 reported years.

What is CVGW's return on invested capital?

Average ROIC over the last 10 fiscal years was 9.3%, and average return on equity was 5.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CVGW data come from?

From CALAVO GROWERS INC's annual 10-K filings on SEC EDGAR, most recently filed Mar 12, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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